$1.3K A Day Keeps The Job Away! | Ross’ Trade Recap

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Finishing up the holiday week +$1.3K! The momentum today wasn’t as good as it was yesterday, but I was still able to capture a couple of small trades. July is typically a slow month, so I’m excited that I’m able to capitalize on these trades. $XBIO (Xenetic Biosciences Inc) +$824.37, $PRAN (Prana Biotechnology Limited) +$747.59, $TAIT (Taitron Components Inc) -$84.39, $NVIV (Invivo Therapeutics Holdings Corp) -$121.14, Total: +$1,366.43.

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I teach Day Trading Strategies for Beginner Traders.  I focus on Momentum Trading Strategies including Gap and GO! and Trend Finding Strategies.  All of our classes are available for immediate streaming at https://www.WarriorTrading.com.

// Helpful Links
Day Trading Chat Room: https://www.warriortrading.com/day-trading-chat-room/
Premium Trading Courses: https://www.warriortrading.com/trading-courses/
Gap and Go Trading Strategy: https://www.warriortrading.com/gap-go/
Momentum Trading Strategy: https://www.warriortrading.com/momentum-day-trading-strategy/
Reversal Trading Strategy: https://www.warriortrading.com/reversal-trading-strategy/
Contact Info: https://www.warriortrading.com/contact/
Twitter: @daytradewarrior @swingwarrior

“Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime”…

// Learn How to Day Trade and Learn How to Swing Trading
As Day Traders and Swing Traders our mission is simple. We are looking for stocks that we expect will move in a predictable direction. We want to take a position with a predefined stop level and profit target. Sounds easy right? In a lot of ways it is. But there are literally thousands of different strategies for trading the market. Every trader has a unique approach to trading. Our goal is to teach you our strategies. I have developed a series of profitable trading strategies for beginners. Our Trading Courses focus on the most fundamental aspects of a successful trade.

// Chart Patterns
After you understand risk management and proper stock selection, we teach you how to find stock patterns on charts. These patterns are how we base our risk and reward. We look for chart patterns that have well defined areas of support and resistance. We will use previous support levels as our stop price, or our risk, and we look at previous resistance areas as our initial profit target, or our reward. If the profit vs loss ratio is 2:1 we will take the trade. I teach both day trading strategies and swing trading strategies. For day trading we focus primarily on 5min charts while swing traders focus more on daily charts. The patterns in general are the same. I teach traders how to find patterns in real-time including Bull Flags, Bear Flags, Flat Tops, Flat Bottoms, and Rubber Band Reversal Setups.

// Trading Strategies
Learning risk management, proper stock selection, and chart patterns is important, but those alone don’t create a trading strategy. A trading strategy requires details on the time of day you take these trades, what type of stocks you like to trade, what percentage to success you expect. All our students are required to paper trade and prove to me that they can trade on a percentage of success that is high enough to justify real trading. If you can’t make money in a demo account, you have no business trading a real account. We have saved students hundreds of thousands of dollars by encouraging paper trading while they are learning. The market will be here for a long time to come. The important thing for you right now is to build up the skills to trade the market successfully. You will learn that once you possess the skills to consistently make $20.00/day all it takes to make $200 is larger share size. Then all it takes to make $2000 is again, larger share size. The hardest part is being consistently green just $20/day. So that is our initial target for all of our students. Profitable trading 4/5 days per week for at least 3 months.

Join our Free Day Trading Chat Room here: https://www.warriortrading.com/free-day-trading-chat-room/

20 COMMENTS

  1. Hey ross, just want to say you create some amazing videos, and you are really easy to listen to. I'm a Canadian looking to get into day trading, and I have about $3000 USD set aside to get started. 1. What would be the best platform to use for paper trading? 2. After I prove my strategy in paper trading, what would be the best platform to start trading with real money (living in Canada)?

  2. hey Ross ,can you explain me short what your tax rate is? Are paying monthly, per trade or at the end of the year and how much?

  3. Hey Ross, if I sign up for your class how many hours a day to study your Warrior Pro course? I am a part time trader

  4. I bought PRAN for an ORB breakout and got faked out.. should have bought at half dollar.. would have had 40c profit on 200 shares.. went from $80 winner to $60 loser.. bummer!!

  5. Hey Ross! I have been really curious about something. How do you always manage to get out of stocks break even when they begin to go against you? From what I recall you don’t use stop losses, so when stocks turn and start moving so quickly against you how is it you’re not losing 10+ cents with a 10,000 share position?

    Thank you for all you do! Been a member of your chat room for almost a month now and absolutely loving it 🙂

  6. I'm just curious, but what is your opinion of the Robinhood app? And what do you believe is the best trading app?

  7. Ross how do you trade multiple stocks at the same time , do you have 1 stock per screen on 1 min , 5 min , daily chart or 2 stock per screen , I mean how do you track and trade them at the same time ?

  8. Question for you Ross…. the donut shaped LED lamp you use for your videos, can you tell me the brand and model of it?

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